Nippon Ski Resort Development Co (6040) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 31.2% year-over-year to ¥1,454 million, driven by strong inbound demand and new product offerings in the green season.

• Q1 saw a net loss attributable to shareholders of ¥37 million, an improvement from a ¥77 million loss in the prior year.

• Group-wide visitor numbers reached 372,000, marking a record high for the third consecutive year.

• New initiatives included facility upgrades, expanded attractions, and the launch of new food and retail outlets.

Financial highlights

• Operating loss for Q1 was ¥64 million, slightly higher than the ¥52 million loss last year.

• Ordinary loss was ¥69 million, compared to ¥51 million in the previous year.

• Comprehensive loss improved to ¥53 million from ¥83 million year-over-year.

• EPS for Q1 was -¥2.45, up from -¥5.12 last year.

• Depreciation expense increased to ¥175 million from ¥147 million year-over-year.

Outlook and guidance

• No changes to previously announced full-year guidance: revenue forecast at ¥9,600 million (+16.4% YoY), operating income ¥1,700 million (+9.5%), net income ¥1,150 million (+5.1%).

• Interim and year-end dividends are planned at ¥10 per share.